Ann: Quarterly Activities Report, page-5

I had a brief chat to the company - due to the state of the resources sector there wasn't any interest in either buyers or JV partners in their gold, uranium or copper projects so they got rid of them instead of wasting further money on them.

As the current directors have put in large amounts of money they aren't going to go down the road of vending in a non resource project as this effectively hands the company over. They see long term value in Mt Forrest but are in the same position as a lot of other juniors in the sector and treading water while waiting for iron ore prices to recover.